BYM vs. RMM

Last updated Jun 4, 2026

BYM (BlackRock Municipal Income Quality Trust) and RMM (Rivernorth Managed Duration Municipal Income Fund Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. At a 0.36 correlation, their price movements are largely independent.

Performance

BYM vs. RMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Municipal Income Quality Trust (BYM) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BYM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RMM

• 1D: 0.41%
• 1M: 4.91%
• YTD: 10.17%
• 6M: 8.42%
• 1Y: 14.56%
• 3Y*: 5.45%
• 5Y*: 0.41%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BYM vs. RMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BYM BlackRock Municipal Income Quality Trust	2.02%	7.27%	2.29%	3.11%	-23.42%	7.62%	12.74%	2.09%
RMM Rivernorth Managed Duration Municipal Income Fund Inc.	10.17%	2.01%	9.25%	5.93%	-23.45%	19.66%	-2.15%	-1.45%

Correlation

The correlation between BYM and RMM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019	0.36

The correlation between BYM and RMM shifts across timeframes, from 0.26 (1 year) to 0.44 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BYM vs. RMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMM

RMM Risk / Return Rank: 76
RMM Sharpe Ratio Rank: 79
RMM Sortino Ratio Rank: 77
RMM Omega Ratio Rank: 73
RMM Calmar Ratio Rank: 73
RMM Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BYM vs. RMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Quality Trust (BYM) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BYM	RMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.11	—

Drawdowns

Drawdown Indicators

	BYM	RMM	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.29%	—
Current Drawdown Current decline from peak	—	-5.29%	—
Average Drawdown Average peak-to-trough decline	—	-13.79%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.28%	—

Volatility

Volatility by Period

	BYM	RMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.95%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.48%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.89%	—

Dividends

BYM vs. RMM - Dividend Comparison

BYM's dividend yield for the trailing twelve months is around 4.52%, less than RMM's 7.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BYM BlackRock Municipal Income Quality Trust	4.52%	6.09%	5.89%	4.20%	5.74%	4.46%	3.99%	4.27%	5.23%	5.33%	5.84%	5.77%
RMM Rivernorth Managed Duration Municipal Income Fund Inc.	7.26%	7.98%	7.63%	7.71%	7.74%	5.46%	6.18%	1.90%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BYM and RMM in my portfolio?

BYM and RMM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.